YRC Worldwide, Inc. (NASDAQ:YRCW) – Analysts at Seaport Global Securities cut their Q2 2018 EPS estimates for YRC Worldwide in a research report issued on Thursday. Seaport Global Securities analyst R. Wood now anticipates that the transportation company will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.60. Seaport Global Securities also issued estimates for YRC Worldwide’s Q2 2019 earnings at $0.69 EPS.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. YRC Worldwide had a negative return on equity of 0.70% and a negative net margin of 0.22%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share.
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Other research analysts also recently issued research reports about the company. ValuEngine downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. BidaskClub downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 target price (up previously from $16.00) on shares of YRC Worldwide in a report on Friday, August 4th. Finally, Aegis reissued a “buy” rating and issued a $20.00 target price on shares of YRC Worldwide in a report on Saturday, September 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.00.
Shares of YRC Worldwide (NASDAQ:YRCW) traded up $0.69 during trading hours on Monday, hitting $13.63. The stock had a trading volume of 113,701 shares, compared to its average volume of 701,849. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39. YRC Worldwide has a 1 year low of $7.36 and a 1 year high of $16.97.
Hedge funds have recently bought and sold shares of the business. First Quadrant L P CA bought a new position in YRC Worldwide in the third quarter valued at about $132,000. Marshall Wace North America L.P. bought a new position in shares of YRC Worldwide in the second quarter worth about $168,000. Prudential Financial Inc. bought a new position in shares of YRC Worldwide in the first quarter worth about $177,000. Voya Investment Management LLC raised its stake in shares of YRC Worldwide by 18.7% in the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after buying an additional 2,720 shares during the period. Finally, Aperio Group LLC bought a new position in shares of YRC Worldwide in the second quarter worth about $193,000. 84.15% of the stock is currently owned by institutional investors.
YRC Worldwide Company Profile
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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